Glowacki Curt 4
4 · MEXICAN RESTAURANTS INC · Filed May 22, 2009
Insider Transaction Report
Form 4
Glowacki Curt
DirectorPresident & CEO
Transactions
- Award
Common Stock
2009-05-22+10,000→ 79,500 total
Footnotes (1)
- [F1]10,000 of the restricted shares will vest over a four year period beginning May 22, 2009 at the rate of 25% per year. In addition, the Company has determined that it will award Mr. Glowacki an additional 10,000 shares each year for the next two years. Each of these restricted share grants will vest over four years at the rate of 25% per year. Mr. Glowacki would need to be an employee on the dates of such grants, and through the resulting vesting schedules. The grant vesting schedules would accelerate upon a change of control in the Company.